Valentino Quits; Saunders for Gola; Shipley & Halmos Debut; Russell Simmons not feelin' Phat

Valentino will announce today that he will quit designing clothes after doing two more fashion shows and start designing is retirement. The guy deserves a break, he's been in the fashion game for 45 years and at 75 years old, he's older than dirt. [Fashion Week Daily]

Jonathan Saunders hops on the collaboration bandwagon and teams up with sneaker company Gola to collaborate on a line of shoes for men and women. [WWD]

Russell Simmons to leave Phat Fashions. Is this sorta like his "split" from Kimora? Because they are still pretty much together. [DNR]

Trovata alums Sam Shipley and Jeff Halmos won't show their new line Shipley and Halmos in Bryant Park this week, but check it out exclusively at starting today! [WWD]